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Eni acquires Greek solar developer – EQ Mag Pro

Eni acquires Greek solar developer – EQ Mag Pro

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Solar Konzept Greece is the owner of a 800MW portfolio of projects at various stages of development.

Eni, through its subsidiary Eni gas e luce, has acquired the company Solar Konzept Greece from Solar Konzept International.

Solar Knozept international is based in Hamburg, Germany and is majority owned by Aquila Capital.

Solar Konzept Greece is the owner of a photovoltaic plants’ development platform in Greece and has a 800MW portfolio that includes a pipeline of projects at various stages of development.
Eni said that these projects will form the basis for further advancements in the country.

Eni gas e luce has been operating in the Greek retail energy market since 2000 and now has around 500,000 customers.

The deal marks the developer’s entry into the Greek renewable electricity generation market and is part of its plan to grow renewable capacity together with vertically integrated activities in the power retail business, Eni said.

This transaction is aligned to Eni’s broader mission to become a leader in the production and sale of decarbonised products, the company added.

As of the end of 2021, Eni gas e luce has a 1.2GW portfolio of renewable capacity in operation, with a target to install over 6GW by 2025 and over 15GW by 2030.

Source: renews
Anand Gupta Editor - EQ Int'l Media Network